# Jalan Besar commercial conservation shophouse up for sale at $9.8 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-31T14:29:43.000Z
- **Author:** EdgeProp Singapore
- **Original:** https://www.edgeprop.sg/property-news/jalan-besar-commercial-conservation-shophouse-sale-98-mil
- **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals

## Featured rationale

The listing signals District 8 may benefit from investor demand spilling over from pricier shophouse markets in Districts 1, 2, 7 and 15, potentially supporting transactions.

## AI summary

The 999-year leasehold commercial conservation shophouse at 217 Jalan Besar Road is offered at $9.8 million, or about $2,279 psf, with EOI closing Oct 1.

## Original article

A 999-year leasehold commercial conservation shophouse at 217 Jalan Besar Road has been put on the market via an expression of interest (EOI) exercise with a guide price of $9.8 million.

The property, comprising a two-storey conservation shophouse with an attic and a four-storey rear extension, sits on a 1,440 sq ft site.

Based on the existing built-up area of about 4,300 sq ft, the guide price works out to around $2,279 psf.

Read also: Commercial conservation shophouse on Tras Street for sale at $15.6 mil

Sole marketing agent PropNex Shophouse Elites (PSE) said the property benefits from prominent road frontage and "excellent" visibility, and the purchaser may also have potential naming and signage rights.

In 1996, the owner carried out asset enhancement works to optimise the site’s allowable gross floor area based on its plot ratio of 3.0.

The building has concrete flooring throughout, regular column-free floor plates, and "generous" ceiling heights, which allow for efficient space planning and ease of reconfiguration, said PSE.

It currently houses a retail shop on the ground floor and office spaces on the upper floors.

Zoned for commercial use under URA’s Master Plan 2025, the property can be purchased by both local and foreign buyers, including companies, with no additional buyer's stamp duty payable.

The building recently completed the mandatory periodic facade inspection, with all the required remedial works carried out, which could offer buyers added confidence in the property’s upkeep and condition, said Richard Tan, founder of PSE. Periodic facade inspections help detect and address facade issues early to ensure public safety.

The shophouse is eight minutes away on foot from the Jalan Besar and Farrer Park MRT stations, with lifestyle amenities at Mustafa Centre and City Square Mall.

Read also: Pair of North Canal Road shophouses for sale at $8.5 mil

The marketing agent highlighted recent transactions nearby including the three adjoining freehold shophouses at 203, 205 and 207 Jalan Besar, which changed hands for $36.8 million in September last year.

Down the street, an intermediate shophouse at 365 Jalan Besar, on a land size of 1,706 sq ft, fetched $10.5 million based on a caveat lodged last March. Meanwhile, the conservation shophouse at 403 Jalan Besar, with a land area of about 1,439 sq ft, was sold for $8.8 million last May.

These transactions indicate the "continued depth" of investor demand for city-fringe conservation assets in Singapore, said PSE.

Moreover, with shophouse prices having risen significantly in Districts 1, 2, 7 and 15, some demand has been spilling over to District 8, according to Shirley Tan and Isabel Tan of PSE.

The EOI exercise for 217 Jalan Besar will close at 3pm on Oct 1.

Check out the latest listings for Jalan Besar properties

## Chinese translation

> Translation model: grok_cli

### 惹兰勿刹商业保育店屋以新元980万元挂牌出售

位于惹兰勿刹路217号的999年地契物业含一座四层后座扩建部分。建筑面积共4,300平方英尺。

一处位于惹兰勿刹路217号的999年地契商业保育店屋，已通过意向书（EOI）征询程序推出市场，指示价为新元980万元。

该物业包括一栋带阁楼的两层保育店屋及一座四层后座扩建部分，占地1,440平方英尺。

按现有约4,300平方英尺的建筑面积计算，指示价约合每平方英尺新元2,279元。

另读：特拉斯街商业保育店屋以新元1,560万元挂牌出售

独家营销代理德普产业店屋精英团队（PSE）表示，该物业享有显著临街面及“极佳”可见度，买家亦可能获得潜在的冠名及招牌权利。

1996年，业主进行了资产提升工程，以根据地块容积率3.0优化可用总楼面面积。

PSE表示，该建筑全栋为混凝土地坪，楼板规整且无柱，层高“宽敞”，便于高效空间规划与重新配置。

目前一楼为零售店铺，楼上为办公空间。

根据市区重建局《总体规划2025》，该物业划为商业用途，本地及外国买家（包括公司）均可购买，无需缴纳额外买方印花税。

PSE创始人Richard Tan表示，该建筑近日完成了强制性定期外墙检查，所需补救工程均已落实，这或可让买家对该物业的保养与状况更有信心。定期外墙检查有助于及早发现并处理外墙问题，以保障公众安全。

该店屋距离惹兰勿刹及花拉公园地铁站步行八分钟，周边有Mustafa Centre及City Square Mall等生活配套。

另读：北运河路一对店屋以新元850万元挂牌出售

营销代理强调了附近近期成交，包括惹兰勿刹203、205及207号三间相连的永久地契店屋，去年9月以新元3,680万元易手。

沿街而下，惹兰勿刹365号一间中间单位店屋，地块面积1,706平方英尺，根据去年3月提呈的警告书，成交价为新元1,050万元。与此同时，惹兰勿刹403号保育店屋占地约1,439平方英尺，去年5月以新元880万元售出。

PSE表示，这些成交显示投资者对新加坡城市边缘保育资产需求的“持续深度”。

此外，据PSE的Shirley Tan与Isabel Tan称，随着第1、2、7及15区店屋价格显著上涨，部分需求已外溢至第8区。

惹兰勿刹217号的意向书征询将于10月1日下午3时截止。

查看惹兰勿刹地产最新挂牌